Fair Market Value

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Fair Market Value

Meaning of term fair market value

The price for which equipment could be sold in an arm’s-length transaction between unrelated parties.

Acronym : FMV

Source: http://www.okdhs.org/nr/rdonlyres/3f6765df-14d1-47c5-ad01-c891fa101254/0/glossary_okdhs_03142007.xls Gen

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